Trump Says Yellen Is Keeping Interest Rates Low So President Obama Can Play Golf

christiefan915

christiefan915

Catalyst
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After months of surprising restraint, Donald Trump has finally started spewing conspiracy theories about the Federal Reserve. During an interview with CNBC on Monday morning, the Republican presidential nominee suggested that Fed Chair Janet Yellen is keeping interest rates low in order to pump up a “false” stock market during President Obama's final months in office.

“She’s obviously political,” he said. “She’s doing what Obama wants her to do. And I know that’s not supposed to be the way it is. But that’s why it’s low. Because as soon as they [interest rates] go up, the stock market is going to go way down.” For good measure, he added that Yellen “should be ashamed of herself.”

“They want to keep the market up so Obama goes out and let the new guy—whoever that new, let’s call it the new guy, because I like the sound of that much better—so the new person who becomes president, let him raise interest rates, or let her raise interest rates, and watch what happens to the stock market when that happens, OK,” Trump said.

He later added that interest rates wouldn't go up much in the next few months because Obama “wants to go out, he wants to play golf for the rest of his life, and he doesn’t care what’s going to happen after January.”

So Janet Yellen isn't raising interest rates because Barack Obama wants to play golf. Right

http://www.slate.com/blogs/moneybox...ng_interest_rates_low_so_president_obama.html
 
Yelled should be raising rates. What Trump was essentially saying is Obama loves that rates are staying low because the impact of increases will be felt once he leaves office.
 
cawacko said:
Yelled should be raising rates. What Trump was essentially saying is Obama loves that rates are staying low because the impact of increases will be felt once he leaves office.
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Trump is so ignorant that he's oblivious to the fact that the White House isn’t responsible for interest rates, the Federal Reserve is.
 
Obama controls Yellen. Illary's body double must continue her campaign now that Illary has ridden her broom into oblivion.
 
That's progress and progressives for ya. They 'GIVE' the power of the purse to the big banks to control in a most unconstitutional manner.... assuming the big banks will be indebted to progressive politics. History actual teaches us that every....EVERY problem that faced by the United States of America has its roots in social progressive politics.

Facts don't lie. A short history of the FED. 1. The invention of IVY LEAGUE LIBERALS in 1913 2. Passed into law by a liberal congress 3. evolving more and more power supposedly to control the economy from a central banking system...something most LIBERALS blame conservatives because the majority of liberals are ignorant kool aid drinking sheep..the reason given was to stop things like the GREAT DEPRESSION it caused in the 30s. The progressive answer? GIVE THE FED MORE POWER.

Now....today, up is down, white is black, north is south and LEFT IS ALWAYS RIGHT....the FED was an invention of greedy REPUBLICANS. LAMO
 
so... i dunno. I cant see them raising the rate because one of our main problems right now is high cc and student debt. Raising interest rates almost always raises the rate on variable rate products (i.e. most credit cards) and that kills consumer spending.

On the other hand.... well when i was growing up my parents constantly told me about the value of banks, time deposits and other products that would help my wealth grow. They even gave me some money i couldnt touch and only put in a time deposit to watch it grow. Right now thats bull crap and using the banks is one of the worst things you can do. I feel for the older generation who are used to getting extra income from banks.

BTW were moving towards negative rates.... a system like in singapore where the bank charges you interest to keep money with them!
 
Bill said:
So I guess when he is prez he wants the head of the Fed not to do what he wants.lol
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The Fed is suppose to be an independent agency right? It shouldn't matter what the President wants.

Edit: But to your point yes, no matter what one says as a candidate they will want those same people/institutions to favor them while as President.
 
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Ralph said:
That's progress and progressives for ya. They 'GIVE' the power of the purse to the big banks to control in a most unconstitutional manner.... assuming the big banks will be indebted to progressive politics. History actual teaches us that every....EVERY problem that faced by the United States of America has its roots in social progressive politics.

Facts don't lie. A short history of the FED. 1. The invention of IVY LEAGUE LIBERALS in 1913 2. Passed into law by a liberal congress 3. evolving more and more power supposedly to control the economy from a central banking system...something most LIBERALS blame conservatives because the majority of liberals are ignorant kool aid drinking sheep..the reason given was to stop things like the GREAT DEPRESSION it caused in the 30s. The progressive answer? GIVE THE FED MORE POWER.

Now....today, up is down, white is black, north is south and LEFT IS ALWAYS RIGHT....the FED was an invention of greedy REPUBLICANS. LAMO
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What do you propose to replace it?
 
If the president appoints you, that's political.
Of course Yellen is following orders.
How many years have everyone including BO said it's unsustainable to do what they continue to do ?
 
Bill said:
What do you propose to replace it?
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How about a "free market" that demands competition instead of government created monopolies? How about a STANDARD, such as GOLD where one must have the actual REAL PROPERTY instead of creating funny money backed only by bank promises? We all know how well that went over when the real estate bubble burst...no? And progressives TALK ABOUT about the top 1%ers controlling everything when its social progressive policies that "guarantees" a few powerful families control everything. Just how long do you assume this economic bubble created by the FED backed funny money will last before the piper must be paid? When it comes...it will come fast and make the great depression look like a BULL MARKET.

The FED was created by an unconstitutional act of congress and it can be rescinded the same way. But the hogs will not go away from the trough with ease. Ever ask yourself why the FED has never been subject to a government sanctioned audit? Ever asked yourself why the FED gave Wall St. over 3 trillion dollars backed by the TAX PAYERS promise to pay it back? The same people that own the FED....controls wall st. Its not rocket science. How much of that money made it to main street and how much simply went back to the same banks to begin building another BUBBLE?
 
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Bill said:
Who regulates that gold?? That standard etc??
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THE PEOPLE through the FREE MARKET...who else? After all this republic does belong to the people....not the banks. Demand and Supply should be subject to self regulation. Any time the central government usurps the people's authority...you get what history actual has demonstrated....WASTE and MISMANAGEMENT RESULTING IN DEBT to the taxpayers. History demonstrates that every economic downturn was and remains the fault of government over-regulation. What you get is spending and debt....its like putting a band aid on an arterial bleed while never allowing the body to correctly heal itself. There should never be any business that is as progressives put it....TO BIG TO FAIL. Its insanity to bail out the same individuals that through their greed and mismanagement caused the problem in the first place. LET THEM FAIL and allow someone with a better idea to purchase the leftovers and build again.

That's exactly why I will never purchase another GM product. Why should anyone? They sold an inferior product at an outrageous cost while allowing the unions to bankrupt them. LET THEM GET WHAT THEIR MANAGEMENT DESERVES. What did THE PEOPLE get from the GM bailout besides a taxpayer guarantee to pay an outrageous retirement fund? FYI: its most unconstitutional for the government to step in an oversee any private business...might alone allow a private business to control the entire economy as does the FEDERAL RESERVE.

Any monetary note or coin passed out should be backed up by REAL WEALTH....not paper. Once the world realizes that the US DOLLAR is literally not worth the paper its printed on...GAME OVER.
 
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Ralph said:
THE PEOPLE through the FREE MARKET...who else? After all this republic does belong to the people....not the banks. Demand and Supply should be subject to self regulation. Any time the central government usurps the people's authority...you get what history actual has demonstrated....WASTE and MISMANAGEMENT RESULTING IN DEBT to the taxpayers.
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The ppl.......... Maybe ppl like you?? SOme other posters here?? You want them running the system?? I sure as hell don't...

Self regulation.:rofl2: You remember the one about the two wolves & the lamb discussing dinner??
 
Celticguy said:
If the president appoints you, that's political.
Of course Yellen is following orders.
How many years have everyone including BO said it's unsustainable to do what they continue to do ?
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Good to know we can blame Greenspan for letting that bumbling idiot bush preside over the economic collapse in 2008.
 
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